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Energy & Green Biz
Raymond Johnston|06.12.2010

CEE hydropower opportunities drying up, says KPMG

ČEZ has few opportunities to build large hydroelectric plants on its home turf, but sees opportunities abroad, according to a new KPMG report

Water, water, everywhere, but not a drop to harness. Most places suitable to build large hydroelectric plants in the Czech Republic — and the CEE region — were exploited long ago, according to a new KPMG report. But energy giant ČEZ sees opportunities overseas, not least of all in Turkey.

Real Estate
Michael Stein|06.12.2010

‘No retreat’ of Irish developers in Prague

Media reports of the retreat of Irish developers from the Czech market have fallen prey to a tendency to generalization, yet the difficult financing conditions they are experiences are being shared across the industry. Among Irish developers themselves, financing varies as some developers have accepted the need to look beyond bank financing for alternate forms of equity.

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Media & PR|Real Estate
Kateřina Menzelová|06.12.2010

Bakala buys old ČKD hall from Borenstein, may house Economia

Czech billionaire Zdeněk Bakala has bought the reconstructed former ČKD factory hall in the Prague district of Karlín from Belgian real estate developer Serge Borenstein, with plans to make it the new home of leading B2B publishing group Economia, according to Czech Position’s information.

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HOT TOP|Politics & Policy|Real Estate
Kateřina Menzelová|06.12.2010

Commentary: Will President Klaus dismiss the ‘Supreme Auditor’?

The nine-year mandate of František Dohnal ends in 2014, but some MPs are keen to see the Supreme Audit Office (NKÚ) chief forced out of office due to his controversial decisions — and alleged breach of the public trust over perks like luxury apartments and cars. But unless convicted of a crime, he can’t be removed without the okay from Czech President Václav Klaus.

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HOT TOP|Politics & Policy|Real Estate
Kateřina Menzelová|06.12.2010

Supreme Audit Office (NKÚ) chief happy in Holešovice, MPs question leasing deal

NKÚ president František Dohnal is locked in battle with members of a parliamentary auditing committee over whether to extend an exisiting lease or find a new home for the Supreme Audit Office. Dohnal was already persona non grata among MPs for having barred them accesss to NKÚ’s books — and due to his allegedly improper use of luxury flats and cars at taxpayer expense.

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Real Estate
Michael Stein|06.12.2010

Q3 commercial property investment down one-third

Property investment in Central and Eastern Europe (CEE) experienced a sluggish quarter but the outlook for the Czech and regional market is starting to pick up, with a significant volume of deals on the near horizon. While some market observers look to retail as the hot sector for 2011 others are focusing on a number of logistics properties that are reported to be on the verge of being traded.

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Companies
Cristina Muntean|03.12.2010

Franchise buyers learning to look before they leap

Franchise concepts that are less capital intensive, such as training facilities, are catching on due to the tough economy. Many potential franchise buyers have grown wary of more expensive real estate franchises, for example, after the collapse in that sector left many operators out in the cold.

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Markets & Finance
Kateřina Menzelová|03.12.2010

PPF winds up ‘bad loans’ business in China

As early as in 2002, bankers said the portfolios of non-performing assets available in China via auctions contained ‘true gems as well as true rubbish.’ Now the PPF Group of Czech billionaire Peter Kellner has wound up its non-performing loans (NPL) there to focus on providing consumer loans.

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